The L-Curve: Income Distribution of the U.S.


	The L-Curve: Income Distribution of the U.S.

BartendingBear

11-20-2008 12:46 AM

391 views

BartendingBear says:

Stark graphic truth about what wealth really is.

1 Comment |

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11-20-2008 2:24 AM

I Google Myself

Bueller? Bueller? Ok I'm sorry I'm sure I would probably agree with what this vid is saying but this was kinda dull.....sorry!

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2b2e7009-b7c9-4e4d-941a-b3ef5e073756/C77C8688-B534-4507-A4F2-373D25009BBC/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.youtube.com/watch?v=woIkIph5xcU" href="http://www.youtube.com/watch?v=woIkIph5xcU" style="font-size: 11px;">www.youtube.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.youtube.com/watch?v=woIkIph5xcU"><div align="center"><embed src="http://www.youtube.com/v/woIkIph5xcU&hl=en&fs=1&rel=0" height="329" width="400" wmode="opaque" quality="high" type="application/x-shockwave-flash"></embed></div></blockquote><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content8.clipmarks.com/images/clip-icon.gif" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://lcurve.org/" href="http://lcurve.org/" style="font-size: 11px;">lcurve.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://lcurve.org/">The 
              red line represents a graph of family income across the population. 
              The height of the curve at any point is the height of a stack of 
              $100 bills equalling that income. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://lcurve.org/"><FONT size="4" face="Times New Roman, Times, serif">The 
            L-Curve graph represents <EM>income</EM>, not <EM>wealth</EM>. <B><A href="http://lcurve.org/WealthDistribution-1998.htm" linkindex="14">The 
            distribution of <EM>wealth</EM> is even more skewed</A>.</B>  
            Quoting from <A href="http://www.amazon.com/exec/obidos/ASIN/0742513009/103-5037110-1121455" linkindex="15" set="yes">a 
            recently-published book by political philosopher David Schweickart</A>, 
            </FONT></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://lcurve.org/"><I>If 
                      we divided the income of the US into thirds, we find that 
                      the top ten percent of the population gets a third, the 
                      next thirty percent gets another third, and the bottom sixty 
                      percent get the last third. If we divide the wealth of the 
                      US into thirds, we find that the top one percent own a third, 
                      the next nine percent own another third, and the bottom 
                      ninety percent claim the rest. (Actually, these percentages, 
                      true a decade ago, are now out of date. The top one percent 
                      are now estimated to own between forty and fifty percent 
                      of the nation's wealth, more than the combined wealth of 
                      the bottom 95%.)</I></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C77C8688-B534-4507-A4F2-373D25009BBC/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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